CONCERNING THE TRUSTEE AND THE SECURITIES ADMINISTRATOR. SECTION 8.01. Duties of the Trustee and the Securities Administrator. The Trustee and the Securities Administrator, prior to the occurrence of an Event of Default and after the curing of all Events of Default that may have occurred, each shall undertake to perform such duties and only such duties as are specifically set forth in this Agreement. In case an Event of Default has occurred and remains uncured, the Trustee shall exercise such of the rights and powers vested in it by this Agreement and use the same degree of care and skill in their exercise as a prudent person would exercise or use under the circumstances in the conduct of such person's own affairs. In case an Event of Default or other default by the Servicer or the Depositor hereunder shall occur and be continuing, the Trustee shall, at the direction of the majority of the Certificateholders or the NIMs Insurer, or may, proceed to protect and enforce its rights and the rights of the Certificateholders or the NIMs Insurer under this Agreement by a suit, action or proceeding in equity or at law or otherwise, whether for the specific performance of any covenant or agreement contained in this agreement or in aid of the execution of any power granted in this Agreement or for the enforcement of any other legal, equitable or other remedy, as the Trustee, being advised by counsel and subject to the foregoing, shall deem most effectual to protect and enforce any of the rights of the Trustee, the NIMs Insurer and the Certificateholders. Each of the Trustee and the Securities Administrator, upon receipt of all resolutions, certificates, statements, opinions, reports, documents, orders or other instruments furnished to the Trustee that are specifically required to be furnished pursuant to any provision of this Agreement, shall examine them to determine whether they conform on their face to the requirements of this Agreement. If any such instrument is found not to conform to the requirements of this Agreement in a material manner, the Trustee or the Securities Administrator, as the case may be, shall take such action as it deems appropriate to have the instrument corrected and if the instrument is not corrected to the its satisfaction, the Securities Administrator will provide notice to the Certificateholders and the NIMs Insurer and take such further action as directed by the Certificateholders and the NIMs Insurer. No provision of this Agreement shall be construed to relieve the Trustee or the Securities A...
CONCERNING THE TRUSTEE AND THE SECURITIES ADMINISTRATOR. EVENTS OF DEFAULT
CONCERNING THE TRUSTEE AND THE SECURITIES ADMINISTRATOR. Section 8.1 Duties of Trustee and Securities Administrator.
CONCERNING THE TRUSTEE AND THE SECURITIES ADMINISTRATOR. Section 9.01. Duties of Trustee and Securities Administrator................................................98 Section 9.02. Certain Matters Affecting the Trustee and the Securities Administrator........................99 Section 9.03. Trustee and Securities Administrator Not Liable for Certificates or Mortgage Loans...........101 Section 9.04. Trustee and Securities Administrator May Own Certificates....................................101 Section 9.05. Trustee's and Securities Administrator's Fees and Expenses...................................102 Section 9.06. Eligibility Requirements for Trustee, Securities Administrator and Paying Agent..............102 Section 9.07. Insurance....................................................................................103 Section 9.08. Resignation and Removal of Trustee and Securities Administrator..............................103 Section 9.09. Successor Trustee , Securities Administrator or Successor Paying Agent.......................104 Section 9.10. Merger or Consolidation of Trustee, Securities Administrator or Paying Agent.................104 Section 9.11. Appointment of Co-Trustee or Separate Trustee................................................105 Section 9.12. Tax Matters..................................................................................106 ARTICLE X.
CONCERNING THE TRUSTEE AND THE SECURITIES ADMINISTRATOR. Section 9.01
CONCERNING THE TRUSTEE AND THE SECURITIES ADMINISTRATOR. SECTION 9.01 Duties of Trustee and Securities Administrator.
SECTION 9.02 Certain Matters Affecting Trustee and Securities Administrator.
SECTION 9.03 Trustee and Securities Administrator not Liable for Certificates or Mortgage Loans.
SECTION 9.04 Trustee and Securities Administrator May Own Certificates.
SECTION 9.05 Fees and Expenses of Trustee, Custodians and Securities Administrator.
SECTION 9.06 Eligibility Requirements for Trustee and Securities Administrator.
SECTION 9.07 Resignation and Removal of Trustee and Securities Administrator.
SECTION 9.08 Successor Trustee or Securities Administrator.
SECTION 9.09 Merger or Consolidation of Trustee or Securities Administrator. SECTION 9.10 Appointment of Co-Trustee or Separate Trustee. SECTION 9.11 Appointment of Office or Agency. SECTION 9.12 Representations and Warranties.
CONCERNING THE TRUSTEE AND THE SECURITIES ADMINISTRATOR. Section 9.01 Duties of Trustee 97 Section 9.02 Certain Matters Affecting the Trustee and the Securities Administrator 99
CONCERNING THE TRUSTEE AND THE SECURITIES ADMINISTRATOR. SECTION 9.01. Duties of Trustee and Securities Administrator.
SECTION 9.02. Certain Matters Affecting Trustee and Securities Administrator.
SECTION 9.03. Trustee and Securities Administrator not Liable for Certificates or Mortgage Loans. SECTION 9.04. Trustee and Securities Administrator May Own Certificates. SECTION 9.05. Fees and Expenses of Trustee, Custodians and Securities Administrator.
CONCERNING THE TRUSTEE AND THE SECURITIES ADMINISTRATOR. Section 8.1 Duties of Trustee and Securities Administrator.................95 Section 8.2 Certain Matters Affecting Trustee and Securities Administrator..................................................96 Section 8.3 Trustee and Securities Administrator not Liable for Certificates or Loans..........................................98 Section 8.4 Trustee and Securities Administrator May Own Certificates....
CONCERNING THE TRUSTEE AND THE SECURITIES ADMINISTRATOR. Trustee and Securities Administrator Not Liable for Certificates or Mortgage Loans...........................................................................156 Section 9.02 Trustee and Securities Administrator May Own Certificates................................156 Section 9.03 Trustee's and Securities Administrator's Fees and Expenses...............................157 Section 9.04 Eligibility Requirements for Trustee and Securities Administrator........................157 Section 9.05 Insurance................................................................................157 Section 9.06 Resignation and Removal of the Trustee and Securities Administrator......................158 Section 9.07 Successor Trustee and Successor Securities Administrator.................................159 Section 9.08 Merger or Consolidation of Trustee or Securities Administrator...........................159 Section 9.09 Appointment of Co-Trustee or Separate Trustee............................................159 Section 9.10 Federal Information Returns and Reports to Certificateholders; REMIC Administration...........................................................................161
